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Inflation came down to 8% this is 7-month low on the back of softening

food prices,strengthening the case for further interest rate cuts to shoreup the slowing economy. The wholesale price index (WPI) for the weekended November 29 dropped to 8% from 8.4% in the previous week.Prices of food related items came down during the week following a 1.9%fall in the prices of fruits and vegetables. The prices of fuel andmanufactured items remained unchanged over the week.

Economists expect inflation, which peaked at 12.91% in August, to fall ata faster pace following the recent cut in fuel prices and a 4% cut in exciseduty, so inflation may come down further it seems.